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Good morning. Further to our earlier report, $GHLD dropped a 13D yesterday regarding a potential investment in Bayview Management | Everything in mortgages is for sale, BTW. | @DianaOlick @IMFpubs @NatMortgageNews https://t.co/PQeVKGQNGK
Bloomberg reports that the brokerage giant offered $4 a share as part of a proposed merger deal involving the New York-based firm. @anywhere_re https://t.co/FgP2KHjaXq #realestatenews #realestate #anywhererealestate #douglaselliman #realestateagents
Real-Estate Broker Douglas Elliman Could See Takeover Battle After Report of Bid https://t.co/YT1sPxf0Gy
Anywhere Real Estate, the parent company of Corcoran and Sotheby's, has made an offer to acquire Douglas Elliman, a New York-based real estate brokerage, at $4 per share. This offer is nearly double Douglas Elliman's closing stock price of $2.14 on the preceding Thursday. Despite the premium, sources indicate that Douglas Elliman is unlikely to accept the bid. The potential acquisition has prompted speculation about a possible takeover battle for the brokerage giant. The offer and related details were reported by Bloomberg and other real estate news outlets. Separately, in the mortgage sector, a 13D filing was submitted by GHLD regarding a potential investment in Bayview Management, reflecting ongoing activity in mortgage investments.
